This property looks like a bad Long-Term investment with a projected -18.67% first-year return on $116k initial cash invested.
-18.67%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$2,023
Rent
-$1,797
Cashflow
Cash Flow
$2,023 income − $3,820 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$550k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$110k
Closing costs
1%
$5,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,023
Total Expenses
$3,820
Mortgage P&I
147%
$2,978
Property Taxes
6%
$125
Home Insurance
9%
$192
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0